Parkland Real Estate Home Market Update November 2010

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Parkland Real Estate Home Market Update November 2010

Parkland Real Estate Single Family Market Home Update For November 2010 Presented By Realtor Michael Citron

Property Address Type Of Listing Community Price Beds/Baths Square Feet
7728 Schooner Ct Regular Sale Cypress Head $930,000 5/4 4,560
12786 NW 75th ST Regular Sale Heron Bay / Heron Isle $790,000 6/3.5 3,734
10355 NW 69th Mnr Regular Sale Fox Ridge Estates $675,000 6/4.5 3,941
7858 NW 111th Wy Bank Foreclosure Heron Bay / Greenbriar $595,000 6/4.5 4,809
12682 NW 68th Dr Regular Sale Heron Bay/Waterford Estates $590,000 4/3 3,254
7520 NW 124th Ave Regular Sale Heron Bay/Vistas $565,000 5/3 3,220
6976 Spyglass Ave Regular Sale Parkland Golf & CC $550,000 5/3 3,120
12445 NW 76th St Short Sale Heron Bay / Vistas $550,000 4/3 3,063
6363 NW 106th Te Regular Sale Parkland Isles $526,000 5/3.5 3,371
7562 NW 127th Mnr Bank Foreclosure Heron Bay $484,900 6/5 4,014
6908 NW 110th Wy Regular Sale Parkland Isles $480,000 4/3 2,815
6015 NW 81st Te Bank Foreclosure Riverside Acres $430,000 5/4 3,382
9437 Satinleaf Pl Short Sale Parkland Golf & CC $427,500 3/3 2,400
8284 NW 107th Te Short Sale Heron Bay / Creekside $410,000 4/3 4,688
7805 NW 123rd Ave Bank Foreclosure Heron Bay / Heron Cove $323,000 4/3 2,252
5400 Godfrey Rd Regular Sale Country Acres $320,000 4/3 1,752
5730 NW 62nd Mnr Regular Sale Country’s Point $310,000 5/3 2,239
9577 Cinnamon Ct Bank Foreclosure Parkland Golf & CC $304,900 4/3 3,356
5910 NW 58th Te Bank Foreclosure Country’s Point $295,000 4/2 2,280
6125 NW 77th Pl Bank Foreclosure Terramar One / Mill Run $245,000 4/2.5 1,993

There were 20 total single family sales for the month of November, 2010 ranging in price from $245,000 to $930,000. Last month, there were 30 total single family home sales. There were 10 less Parkland single family home sold in the month of November than in October, 2010.

Among the 20 sales for the month of November, 8 of the sold homes were distressed sales (bank foreclosures or short sales). In November and December, the Parkland real estate market does seem to cool down.  As a result of the holidays, there will be less overall sales in Parkland, Florida.

Many of our clients are asking with the increase in short sales in Parkland, when will the market stabilize.  As more and more distressed sales are sold, the overall market will stabilize and improve.  With less competition of distressed homes for sale, the market will start improving.  For example, there are currently only 27 single family homes on the market for sale between the price range of $300,000 to $400,000.

Curious to know why Parkland is such a popular place to live and raise a family? Read our recent post: What Is The Parkland Florida Lifestyle?

We know the numbers, we analyze the market, our clients make better decisions. If you are interested in buying or selling real estate in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at or send us a message here.

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